Apple is wrapping up a rough quarter, but history and Wall Street analysis show there is reason to expect a bounce ahead.
Apple shares have typically risen following a quarter that ends down at least 10%, according to CNBC Pro data.
'Best bought on weakness' Despite the tough period, Wall Street sees reason for optimism ahead.
Apple "is a stock best bought on weakness in general as they probably have the best, or one of the best management teams in the world," Mahoney said.
In the median quarter following the losing one, shares jumped more than 14%.
Persons:
jitters, Ken Mahoney, Apple, Mahoney, Ben Reitzes, Reitzes, Nicolas Cote, Colisson, Fred Imbert
Organizations:
Nasdaq, Apple, CNBC Pro, U.S . Department of Justice, Research, Vision, Mahoney Asset, Justice Department, HSBC
Locations:
China, C1H24